The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Larry Freie. According to his publicly available FINRA BrokerCheck report, Larry Freie has been the subject of multiple customer disputes.

Larry Freie was a Nebraska based securities broker. He worked in the securities industry for thirty-five years. During his career, he has been registered with eight different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • The Equitable Life Assurance Society of the United States (1984-1985)
  • Equico Securities (1984-1985)
  • Princor Financial Services Corporation (1985-1998)
  • Walnut Street Securities (1998-2002)
  • Transamerica Financial Advisors (2003-2006)
  • Sunset Financial Services (2007-2014)
  • Ameritas Investment Corp. (2014-2017)
  • Kestra Investment Services (2017-2019)

The Allegations

  • In January 2013, a customer alleged that Larry Freie misrepresented and recommended investments that were unsuitable for them given their financial situation and investment objectives. This case was settled for $107,500 in damages.
  • In June 2018, a customer alleged that Larry Freie made material misrepresentations about investments.

What Does This Mean?

Misrepresentation is a very serious charge, as it can often result in very serious financial harm to an investor. Essentially, misrepresentation occurs when a securities broker provides an investor with information that has been falsified or obscured in some manner. This can be either on purpose, in an attempt to defraud the investor, or by accident through the broker’s negligence.  Regardless of the broker’s intent, misrepresentation can cause significant losses in an investor’s account as it can lead to them making crucial financial decisions based on misinformation.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Larry Freie, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.